Mass adoption of Bitcoin is the ultimate endgame for many developers and advocates of the most popular crypto asset today. The real visionaries of the space hope for a world in which the national government’s power is eroded by trustless forms of currency and governance enabled by blockchain technology. Under this scenario, individuals around the globe would make near-instant, cheap payments for goods and services without intermediaries, using second layer Bitcoin scaling protocols such as the Lightning Network. And the corporations requiring the most secure transfers would likely dominate activity on the mainchain. Naturally, with a huge percentage of the planet’s wealth being stored in Bitcoin, the would be many times greater than it is now. For example, if Bitcoin was to exceed the market capitalization of gold ($7.8 trillion), the price of a single Bitcoin, presuming that all were mined and none was lost (but they are), would be around $371,430. Continue reading Bitcoin Mass Adoption: When Should We Expect It?
Over the past several years, graphics processing specialist NVIDIA (NASDAQ:NVDA) seemed invincible. A perfect storm of strong demand from gamers, a growing data center business, and a surging cryptocurrency market rocketed the stock to nearly 1,300% gains in less than four years. Continue reading Things Probably Won’t Get Any Better When NVIDIA Reports Its 4th-Quarter Earnings
Finally, Ramessa Online, a Sao Paulo based company with a functional partnership with Ripple has admitted that they are waiting for XRP to be “fully regulated” before incorporating the asset as their on demand liquidity tool. Continue reading Ripple’s Partner Ramessa Online Prefer Banks “Until When XRP is fully Regulated”
Money is older than recorded history. As long as money has existed, so too have counterfeiters and crooks. Issuers of currency have spent millennia preventing counterfeiting: Just consider today’s paper bills, which are printed with special dyes on watermarked stock, sport serial numbers, “security threads,” and even hologram strips. Cryptocurrencies, by virtue of their algorithmic security and their consensus mechanisms, generally don’t have counterfeiting problems. Continue reading Top 3 Mistakes Investors Make when Managing Their Cryptocurrency Holdings
One of these problems is a significant group of miners continuing to mine as if the hard fork had actually taken place. Another problem is how to proceed with the upgrade intended to produce lower transaction fees, among other improvements. After a developer meeting Friday, Ethereum has decided to postpone the Constantinople upgrade and to disinclude the source of the “reentrancy bug,” that is, all code changes related to EIP-1283. Several proposals led up to the decision. Continue reading Ethereum Hard Fork Rescheduled: Here’s When Constantinople Will Finally Launch